Triplex Property with Main Home and
For Sale
Contact for pricing
747 & 749 Paul Drive, Prescott, AZ 86303
Three-unit triplex with no HOA, featuring a main 2 bed home and a duplex totaling nearly 1 acre of outdoor space.
Property Size2,594 SF
Lot Size1.00 Acre
Price / SF$240.90
Days on Market10
Property Features for 747 & 749 Paul Drive
General Information
Standard status
Active
Size
2,594 SF
Lot size
1.00 Acre
Property subtype
Multifamily
Building Details
Year Built
1951
Buildings
2
Tenancy
Multi
Listing Agency:
Realty ONE Group Mountain Desert
(702) 885-7756
Listed By:
Marthea Jaffe
Source:
Crexi
Added: Jul 22
Changed: Jul 29
Last Checked: Jul 31 at 1:20PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Realty ONE Group Mountain Desert
Investment Insights
Based on property information with market context.
Triplex property with two structures on one parcel, offering three separate living areas. The main home is a 2 bed, 2 bath layout with 1,344 SF, and the duplex provides two 1 bed, 1 bath units with 625 SF each (total 2,594 SF). Built in 1951, the dwellings include insulated and walkable crawl space under the structure. The main home has newer HVAC with floor vents, and the duplex has vents in the ceiling. Appliances are gas and electric. A covered front porch supports outdoor living on the nearly 1-acre site, with no HOA.
Located at 747 & 749 Paul Drive in Prescott, the property is about 2 miles from Historic Downtown Prescott, Courthouse Square, and Whiskey Row. The multi-unit setup supports both owner-occupant living and rental income.
With separate living areas on a single parcel, the configuration can work for a primary resident seeking additional rental space while keeping outdoor room for everyday use and future possibilities.
Located at 747 & 749 Paul Drive in Prescott, the property is about 2 miles from Historic Downtown Prescott, Courthouse Square, and Whiskey Row. The multi-unit setup supports both owner-occupant living and rental income.
With separate living areas on a single parcel, the configuration can work for a primary resident seeking additional rental space while keeping outdoor room for everyday use and future possibilities.
Key Highlights
- Two structures with three separate living areas on one parcel
- Main home: 2 bed, 2 bath, 1,344 SF with newer HVAC and floor vents
- Duplex: two 1 bed, 1 bath units, 625 SF each (total 2,594 SF)
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $45.1k | $17.40 |
| − Vacancy | −$2.7k | −$1.04 |
| EGI | $42.4k | $16.36 |
| − OpEx | −$12.7k | −$4.91 |
| NOI | $29.7k | $11.45 |
2,594 SF · lease $17.40/SF/yr · vacancy 6.00% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$424.3K
$371.2K – $495.0K
NOI $29,699 @ 7.0% cap · market cap 4.75%
Second Best
Apartment 5plus
$395.0K
$345.6K – $460.8K
NOI $27,649 @ 7.0% cap · market cap 4.42%
Theoretical Best
Warehouse
$869.0K
$760.4K – $1.01M
NOI $60,829 @ 7.0% cap · market cap 9.73%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
109
Businesses Nearby
Explore this area
Business Placement
Demographics for 86303, AZ
18,201
Population
12,255
Households
1.5
Avg Household Size
61
Median Age
41%
College-Educated
96%
High-School Grad
107.2 sq mi
ZIP Area
170
Density / Sq Mi
$68,656
Median Household Income
$44,428
Median Earnings
$1,309
Median Rent
$502,400
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Three-unit triplex with no HOA, featuring a main 2 bed home and a duplex totaling nearly 1 acre of outdoor space.
Where is this triplex located?
The property is located at 747 & 749 Paul Drive Prescott, AZ.
What is the asking price?
The asking price for this property is $624,900.
What are key features of this property?
This property features: Two structures with three separate living areas on one parcel; Main home: 2 bed, 2 bath, 1,344 SF with newer HVAC and floor vents; Duplex: two 1 bed, 1 bath units, 625 SF each (total 2,594 SF)
